Statistical Inference
Range refers to the difference between the maximum and minimum values in a data set, providing a measure of the spread or dispersion of values. It helps to understand how widely values are distributed, indicating the potential variability within a dataset. The concept of range is essential in both discrete and continuous random variables, as it gives insight into their distributions and variability, while also being relevant in the analysis of environmental and spatial data, where understanding variation over space is crucial.
congrats on reading the definition of Range. now let's actually learn it.